State of Alaska Department of Revenue boosted its position in Target Co. (NYSE:TGT) by 59.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,235 shares of the retailer’s stock after buying an additional 44,384 shares during the period. State of Alaska Department of Revenue’s holdings in Target were worth $7,777,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp increased its position in Target by 1.5% in the 2nd quarter. State Street Corp now owns 51,944,505 shares of the retailer’s stock valued at $2,716,176,000 after buying an additional 775,265 shares in the last quarter. Vanguard Group Inc. increased its position in Target by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 37,154,396 shares of the retailer’s stock valued at $1,942,803,000 after buying an additional 130,252 shares in the last quarter. Franklin Resources Inc. increased its position in Target by 8.7% in the 2nd quarter. Franklin Resources Inc. now owns 21,112,915 shares of the retailer’s stock valued at $1,103,994,000 after buying an additional 1,686,774 shares in the last quarter. Dodge & Cox increased its position in Target by 83.3% in the 2nd quarter. Dodge & Cox now owns 20,025,223 shares of the retailer’s stock valued at $1,047,119,000 after buying an additional 9,102,526 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Target by 7.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,738,657 shares of the retailer’s stock valued at $574,680,000 after buying an additional 682,253 shares in the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

In other news, Director Roxanne S. Austin sold 4,705 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $62.61, for a total value of $294,580.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

TGT has been the subject of a number of research analyst reports. Moffett Nathanson initiated coverage on Target in a research report on Monday, December 4th. They issued a “neutral” rating for the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $75.00 target price on shares of Target in a research report on Thursday, January 11th. Telsey Advisory Group boosted their price objective on Target from $58.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 3rd. Vetr lowered Target from a “hold” rating to a “sell” rating and set a $70.45 price objective for the company. in a report on Thursday, January 11th. Finally, Wells Fargo & Co started coverage on Target in a report on Friday, November 3rd. They set a “market perform” rating and a $62.00 price objective for the company. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $65.66.

Target Co. (NYSE:TGT) opened at $78.10 on Friday. Target Co. has a 12 month low of $48.56 and a 12 month high of $78.17. The firm has a market capitalization of $42,344.31, a P/E ratio of 16.34, a PEG ratio of 4.10 and a beta of 0.63. The company has a quick ratio of 0.27, a current ratio of 0.96 and a debt-to-equity ratio of 1.01.

Target (NYSE:TGT) last announced its earnings results on Wednesday, November 15th. The retailer reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.05. Target had a return on equity of 24.09% and a net margin of 3.80%. The firm had revenue of $16.67 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. research analysts forecast that Target Co. will post 4.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Wednesday, February 21st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.18%. Target’s payout ratio is presently 51.88%.

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About Target

Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.

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Institutional Ownership by Quarter for Target (NYSE:TGT)

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